The Portals Inc

Nonprofit profile at a glance

EIN
570827184
IRS 990-EZ coverage
2013–2024
Forms available
Form 990-EZ 2024
Location
Greenville, SC, USA
Phone
8642429491
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$168,999
Expenses
$117,984
Assets
$424,973
Liabilities
$255,543

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • RANDY REDLINGER (EXECUTIVE DIRECTOR)

People named in this filing

  • RANDY REDLINGER (EXECUTIVE DIRECTOR)
  • CAROLINE STEWART (CHAIR)
  • NESTOR ACOSTA (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide subsidized housing to handicapped individuals.

What it reported doing in 2024

The portals is an apartment complex consisting of 20 units rented to mentally handicapped individuals. The complex operates under section 202 of the national housing act.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 82
  • Sustainability: 75
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 58.6%; rating input score 59
  • Program expense ratio: 84%; rating input score 84

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 30.2%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 3.6; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.6; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -4.7% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 58.6% of revenue deployed · 84% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $99K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.